Airbnb (ABNB) stock
Consumer Discretionary · Hotels, Resorts & Cruise Lines
Airbnb (ABNB) is a Hotels, Resorts & Cruise Lines company in the Consumer Discretionary sector, headquartered in San Francisco, California. As of October 23, 2026, ABNB closed at $172.01, a market capitalization of $103.00 billion, the 116th largest company in the S&P 500. Over the last twelve months it generated $13.16 billion in revenue (+16% year over year) and $4.86 billion in free cash flow. The stock trades at 39.2x trailing earnings and 27.7x forward earnings.
- 1-year total return: +35.1% (dividends reinvested)
- 5-year return: +0.6% a year
- 52-week range: $110.81 – $193.45
- Gross margin 82.9%, operating margin 21.0%
- FI Handbook report card: B across 10 metrics
- 9th largest of 47 Consumer Discretionary stocks in the S&P 500
ABNB price chart
1Y price change: +35.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| ABNB | +15.0% | +26.7% | +35.1% | +12.6% | +0.6% | — | +3.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2020.
ABNB key statistics
- Market cap
- $103.0B
- #116 in S&P 500
- P/E (TTM)
- 39.2x
- Forward P/E
- 27.7x
- EPS (TTM)
- $4.39
- Revenue (TTM)
- $13.2B
- +17%
- Free cash flow
- $4.9B
- Gross margin
- 82.9%
- Operating margin
- 21.0%
- Return on equity
- 34.5%
- Dividend yield
- None
- 52-week range
- $110.81 – $193.45
- Beta
- 1.24
- Price / sales
- 7.8x
- EV / EBITDA
- 33.3x
- Debt / equity
- 0.32x
- Employees
- 8,200
ABNB report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth16.5%B
- Gross margin82.9%A
- Operating margin21.0%B
- FCF margin36.9%A
- Return on equity34.5%A
- Net debt / EBITDA-3.5xA
- Forward P/E27.7xC
- PEG ratio1.6xC
- Shareholder yield3.7%B
- Share count change / yr17.0%F
Airbnb financials
Revenue went from $4.8B in fiscal 2019 to $12.2B in fiscal 2025, growing 16.9% a year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.8B | $3.4B | $6.0B | $8.4B | $9.9B | $11.1B | $12.2B |
| Gross profit | $3.6B | $2.5B | $4.8B | $6.9B | $8.2B | $9.2B | $10.2B |
| Operating income | -$501.5M | -$3.6B | $429.0M | $1.8B | $1.5B | $2.6B | $2.5B |
| Net income | -$674.3M | -$4.6B | -$352.0M | $1.9B | $4.8B | $2.6B | $2.5B |
| Free cash flow | $97.3M | -$777.0M | $2.3B | $3.4B | — | — | — |
| Buybacks | — | $0 | $0 | $1.5B | $2.3B | $3.4B | $3.8B |
| Diluted shares | 260.6M | 284.0M | 616.0M | 680.0M | 662.0M | 645.0M | 623.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into ABNB?
A reverse DCF asks what growth the current price requires. With an enterprise value of $93.4B and $4.9B of trailing free cash flow, Airbnb needs to grow free cash flow about 9.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 227.1% a year over the last five years.
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
ABNB analyst price targets
40 analysts' average 12-month target is $183.45 (+7% vs. $172.01). Targets range from $135.00 to $220.00. 59% rate it a buy.
ABNB earnings
Next report: November 5, 2026. Airbnb has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $3.6B (+17% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $1.25 | $1.37 | +9.5% |
| May 7, 2026 | $0.30 | $0.26 | -14.1% |
| Feb 12, 2026 | $0.66 | $0.56 | -15.7% |
| Nov 6, 2025 | $2.32 | $2.21 | -4.8% |
| Aug 6, 2025 | $0.94 | $1.03 | +9.4% |
| May 1, 2025 | $0.24 | $0.24 | — |
| Feb 13, 2025 | $0.58 | $0.73 | +25.1% |
| Nov 7, 2024 | $2.13 | $2.13 | -0.2% |
Stocks like ABNB
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 BKNG Booking Holdings Inc. Common St | -3.27% | -23% | $117.1B | 17.3x | Compare |
 MAR Marriott International | -1.53% | +46% | $101.9B | 40.4x | Compare |
 HLT Hilton Worldwide | -2.36% | +31% | $78.7B | 51.3x | Compare |
 RCL Royal Caribbean Cruises | -3.37% | -11% | $73.9B | 17.1x | Compare |
 CCL Carnival | -3.58% | -10% | $35.1B | 11.5x | Compare |
 EXPE Expedia | -3.18% | +35% | $34.7B | 18.1x | Compare |
 NCLH Norwegian Cruise Line | -2.83% | -36% | $6.9B | 9.3x | Compare |
 AMZN Amazon.com | -0.95% | +12% | $2.7T | 20.0x | Compare |
ABNB news
- American Express adds $250 Airbnb credit, but there's a catch · Oct 24, 2026
- Airbnb vs. Chewy: Do Pets or Places Power One Stock More than the Other? · Oct 24, 2026
- Airbnb (ABNB) Stock May Be 39% Undervalued Despite New Travel Booking Deal · Oct 23, 2026
- Airbnb (ABNB) is an Incredible Growth Stock: 3 Reasons Why · Oct 23, 2026
- Airbnb is limiting chores that hosts can require in new rule · Oct 23, 2026
ABNB stock FAQ
What is ABNB's market cap?
Airbnb's market capitalization is $103.00 billion as of October 23, 2026, ranking 116th in the S&P 500.
What is ABNB's P/E ratio?
ABNB trades at a trailing price-to-earnings ratio of 39.2x and a forward P/E of 27.7x.
Does ABNB pay a dividend?
No. Airbnb does not currently pay a regular cash dividend.
How much has ABNB stock returned?
Including reinvested dividends, ABNB returned +35.1% over one year, +0.6% a year over five years through October 23, 2026.
Is ABNB stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Airbnb must grow free cash flow about 10% a year for the next decade. Its free cash flow grew 227% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the ABNB price target?
40 analysts cover ABNB with an average 12-month price target of $183.45, +7% from the current price. 59% of them rate it a buy.
When does ABNB report earnings?
Airbnb is expected to report earnings on November 5, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Airbnb have?
Airbnb has about 8,200 full-time employees, or $1.6 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology